Economy

Domestic steelmakers need to add value to their products and offer them at competitive prices to secure a place in global markets, the chairman of Iranian Mines and Mining Industries Development…

Efforts to create a centralized foreign exchange market are coming to fruition. The regulator of Iran’s currency, the Central Bank of Iran, has finally agreed to the offering of foreign exchange…

Outbound smuggling has been cut by half since three years ago, says the head of Central Taskforce to Combat Smuggling of Goods and Foreign Currency.

Future trade between Iran and Lebanon needs to expand from the current few items to include all commercial products.

The statement was made by Lebanon’s Finance Minister Ali Hassan Khalil…

Iran is implementing the current taxation system with the utmost rigor of law, says vice president of Iran Chamber of Commerce, Industries, Mines and Agriculture.

Pedram Soltani added that…

Tehran is hosting a two-day conference dubbed “Iran German Plast 2015” on December 7-8. Organized by the German Federation of Mechanical Engineering’s Plastics and Rubber Machinery Association,…

Some 126,000 tons of agricultural products valued at $183.4 million were exported from Mazandaran from March to November, indicating a 23% increase in volume and a 25% surge in value compared with…

As cars edge ever closer to talking and even thinking for themselves, the Detroit North American International Auto Show is evolving to catch the same fever.

Renault is drawing up proposals to relinquish some power over alliance partner Nissan, sources said, and will on Monday begin shoring up boardroom support in the final days before a likely clash…

Iran Khodro Company is set to export its latest products to Tunisia after receiving the standards of Africa’s vehicle markets. IKCO’s Deputy CEO for Export and International Affairs Saeed…

Qatar, the third-largest shareholder in Volkswagen, is urging the German carmaker to reduce the influence of its powerful trade unions as it battles to overcome its emissions scandal, a German…

Sweden’s visiting Minister of Enterprise and Innovation Mikael Damberg and the accompanying delegation held talks with several ministers and senior officials in Tehran on Sunday.

Iran's first mass production of checkered steel sheet, with a capacity of 200,000 tons per year, has been inaugurated in Mobarakeh Steel Company, announced Iranian Mines and Mining Industries…

NASA says its Spitzer and Hubble space telescopes, working in cosmos-observing tandem, have spotted the magnified image of the faintest galaxy ever from the very early universe.

The official exchange rate of the US dollar having crossed the 30,000-rial barrier is evaluated as a positive sign more so because the market exchange rate is experiencing an upward move.

The largest banking consortium in the country comprising five lenders has been founded to finance a gas processing plant along with four other banks.

Bank Mellat will soon launch four new branches in India, Italy, the Netherlands and Oman, Mellat’s chief executive said on Saturday. Ali Rastegar noted that his bank accounts for 25% of resources…

Iran and Sweden plan to enhance banking relations in the post-sanction era.

Governor of the Central Bank of Iran Valliolah Seif has expressed strong disapproval of the existing foreign exchange rates, saying the recent  volatility in the forex market is transitional…

President Hassan Rouhani’s government has averted crisis, as the Iranian economy is going though its worst spell in contemporary history.

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 1,000 tons of copper cathode by National Iranian Copper Industries Company at the base price of $4.7 per kg…

The Iran-Turkey Trade Conference, described as one of the biggest joint forums of the two countries in recent years, was held on Friday in Istanbul.

The printing industry’s services are indispensable. Banners, advertisements and business cards are some of their products used by both business and laymen.

Tehran Stock Exchange’s main index shed 156.90 points or 0.25% to end Sunday trade at 62,420.2.

Over 621 million shares valued at more than $32.2 million changed hands in 28,871…

About 130,000 tons of kiwis worth more than $100 million are exported annually, according to the Ministry of Agricultural Jihad. Close to 300,000 tons of kiwis are produced from 11,000 hectares of…